LONDON (ShareCast) - (Sharecast News) - Specialist investor Impax Asset Management updated the market on the development of its assets under discretionary and advisory management (AuM) for its first quarter on Monday.

The AIM-traded firm said that as at 31 December, its AuM totalled £37.9bn.

That made for an increase of 6.4% for the quarter, including total net inflows of £797m.

Total market movement, foreign exchange and performance, meanwhile, was £1.47bn for the three months through December.

"Although inflation and geopolitical tensions continue to weigh on market sentiment, Impax has delivered a robust quarter, recording positive net inflows and AuM growth during the period," said chief executive officer Ian Simm.

"The company's focus on investing in resilient businesses that are well positioned to benefit from the transition to a more sustainable economy continues to appeal to asset owners and their advisers globally."

At 1120 GMT, shares in Impax Asset Management Group were down 0.82% at 724p.

Reporting by Josh White for Sharecast.com.

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